Mumbai: Cold-chain marketplace Celsius Logistics on Tuesday said it has secured Rs 40 crore in a pre-Series B funding round.
The latest funding round was led by existing investor IvyCap Ventures with other key investors including Mumbai Angels and Carat Capital, the company said in a statement.
In April 2023, the company raised Rs 100 crore in a Series A funding round by IvyCap Ventures.
Celsius Logistics said it aims to deploy the new capital to expand its Transportation Management System (TMS) and Warehouse Management System (WMS) footprint to further strengthen its cold storage solutions.
The company said that through this it aims to expand its reach to more than 50 cities in the next one year.
The platform connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last-mile and hyperlocal delivery for all stakeholders.
According to the company, it currently has a fleet of 4,000 vehicles, 107 cold storage facilities, 2 distribution centers and 200 hyperlocal riders across the country.
“Through the fresh funding, we aim to further expand our presence and bridge the demand-supply gap in the cold supply chain,” said Swaroop Bose, Founder and CEO, Celsius Logistics.
The latest funding round was led by existing investor IvyCap Ventures with other key investors including Mumbai Angels and Carat Capital, the company said in a statement.
In April 2023, the company raised Rs 100 crore in a Series A funding round by IvyCap Ventures.
Celsius Logistics said it aims to deploy the new capital to expand its Transportation Management System (TMS) and Warehouse Management System (WMS) footprint to further strengthen its cold storage solutions.
The company said that through this it aims to expand its reach to more than 50 cities in the next one year.
The platform connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last-mile and hyperlocal delivery for all stakeholders.
According to the company, it currently has a fleet of 4,000 vehicles, 107 cold storage facilities, 2 distribution centers and 200 hyperlocal riders across the country.
“Through the fresh funding, we aim to further expand our presence and bridge the demand-supply gap in the cold supply chain,” said Swaroop Bose, Founder and CEO, Celsius Logistics.
